The Rochesterian in Your Inbox:

“When you look at this very painful Kodak moment today, you’re seeing something that’s deeply symbolic. You’re seeing either a potential for further downsizing of Kodak or at the worst – a liquidation,” – Joel Seligman, President of University of Rochester and Kodak board member

That’s something we don’t want to think about. But it’s not too early to start.

Update: Kodak’s spokesman pointed out the monthly reports provide a limited snapshot and did not include international businesses. “While at times it may seem much longer, remember that it’s not even been three months since we filed for Chapter 11. A reorganization takes some time. While there is much more to do, we have made good progress – bolstering liquidity, rebuilding relationships with suppliers, shoring up our supply chain, focusing on core businesses and, most importantly, reaffirming support with our customers,” Christopher Veronda said in an email, adding the company’s reorganization plan is due in January 2013 and that doesn’t mean the bankruptcy will end then.

11 Responses to Can Kodak Survive?

“… all good things…” Rachel. It makes me sad too, but our economy has been slowly morphing into a post-Kodak one anyway, thanks in no small part to UR. I think there best bet is to shift to strictly being a tech firm that licences its toys to other companies, which I believe is an idea that has been bandied about. It’s still especially hard for those of us who grew up walking distance for Kodak part, but we’ll get used to it.

If they can sell their patent portfolio they will survive a bit longer. I have not heard of any business they are in that will profitable for the long term. Perhaps the State should begin negotiating for the takeover of the Business Park just as soon as Kodak has any more money, before Perez burns it up.

I am glad to see that Kodak is again selling CDs & DVDs their media storage products were always considered the best. Then they disappeared from the shelves.
They are also going to be the sole provider of photos made from Facebook pictures. With the degradation of digital motion picture media files in Hollywood, Kodak has seen a major resurgence in their motion picture film products.
Why their marketing-promotional division is not promoting these huge positives is anybody’s guess!